I’d recommend checking out some books on short-term rentals written by BP authors.

Or have other suggestions or tips for sorting property searches, managing goals, and renovation details.  

Come tax time, this is very important.Now your LLC can be registered in any state that you do business in but check with that state.

How can I justify this purchase if the rents are this low?"

Just saying Hello to all those out there. 

Hello everyone, I’m new to this site and looking to learn how to buy my first rental. 

I am aiming to keep this long term.I plan on asking for repairs but I strongly doubt I will even get a discount.  

I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split

Paint cabinets instead of replacing (dependent on the area, see this work in many markets, instead of paying 2x-2.5x the cost)3.

U have all sorts of HMB on this site that broker for direct lenders and they quote 10% down 100% rehab funds maybe its just a come on and it does not really exist ????